Trump’s Mar-a-Lago, Valued at $18m by NY Judge, Sold for $20m in 1981.

"For Sale for $20 million"

but what did it acualy Sell for?


you work for the CIA or joe ?

a reply to: AlexandrosOMegas

It's already National Historic Landmark, central park is technically worth trillions, but the city of New York could appraise it at $1 if they wanted to and sell it to Jeff bezos, but he can't do anything with it. He can't build a huge Amazon warehouse on it. All he can do is maintain it until it loses its designated status.

Mar a Lago is technically worth hundreds of millions, but that doesn't mean anything, no one can buy it and knock down the building, or renovate the exist8ng building in any significant manner. So it's market value drops significantly due to those reasons.

originally posted by: Scratchpost
"For Sale for $20 million"

but what did it acualy Sell for?


you work for the CIA or joe ?

Trump bought it for less than 10million in 1985.

a reply to: CarlLaFong

The Palm Beach County tax assessment that the judge mentioned was based on Mar-a-Lago’s annual net operating income as a club, not on its resale value as a home or on its reconstruction cost. The county uses the operating-income method to value other social clubs, and the outcome carries tax benefits for Trump – a $US602,000 property tax bill this year, compared to about $US18 million if Mar-a-Lago were assessed at $US1 billion.

Link

So it seems Trump himself has listed the property as a club, rather than a private residence for the tax benefits.

Basically he used a tax loophole, now it’s come back to bite him in the arse.

a reply to: CarlLaFong

The article says that Mar a Lago went on sale for 20 million in 1981 which would have made it one of the most expensive properties in the nation at that time. It doesn't say that it actually sold for 20 million. Can anyone find any data on what it actually sold for? I can't. Maybe 18 million dollars? Nobody ever voluntarily pays more for a property than what the owner asks unless there is a bidding war, which I doubt happened in 1981. A buyer basically always counters with an offer lower than the asking price and then the buyer and seller compromise somewhere in the middle.

originally posted by: Boomer1947
a reply to: CarlLaFong

The article says that Mar a Lago went on sale for 20 million in 1981 which would have made it one of the most expensive properties in the nation at that time. It doesn't say that it actually sold for 20 million. Can anyone find any data on what it actually sold for? I can't. Maybe 18 million dollars? Nobody ever voluntarily pays more for a property than what the owner asks unless there is a bidding war, which I doubt happened in 1981. A buyer basically always counters with an offer lower than the asking price and then the buyer and seller compromise somewhere in the middle.

It didn't sell at that time (possibly overvalued)

Trump paid less than 10million in 85.

originally posted by: Threadbarer
a reply to: AlexandrosOMegas

I'm not in the real estate industry so any speculation I did would be based on nothing.

Maybe you should try asking an expert on local property values. Like, say, the Palm Beach Assessor.

Do you really think the Liberal hack judge did that when he valued it at only $18 or $20 million?

You like to claim a lot of things when it comes to all the charges Trump is facing and 100% of those claims are made against Trump when you make them.
You are always on the side against Trump.

Whether or not you are in the real estate business, you should have the intelligence to see that Mar-A-Lago is valued many times higher than what this judge claims it to be.

What I am saying is you claim to have the intelligence to “explain” the legal processes to all of us that Trump is involved in but you claim to not have the intelligence to know what Mar-A-Lago is valued at in a ballpark figure?

Who is bullsh!tting who here?
You know its value is more than what the judge said it is but you cannot bring yourself to admit it to us because of your blind hurt feelz hatred for Trump.

a reply to: CarlLaFong

This is a perfect example of when our US Supreme Court should step in and demonstrate how they protect US citizens from bad judges.

When one is mentally deranged and oblivious to reality, they remove him or her.

A simple but very effective demonstration of how they have our best interests at heart... Which is what we pay them for.

originally posted by: DBCowboy
a reply to: CarlLaFong

They don't even try to hide it now, do they.

Send an army of "Doggos" to sort out the Tyrants.

a reply to: RazorV66

Since when is it a judges job to appraise real estate?

originally posted by: strongfp
a reply to: RazorV66

Since when is it a judges job to appraise real estate?

I was also wondering what qualifies the judge to make an appraisal.

originally posted by: strongfp
a reply to: RazorV66

Since when is it a judges job to appraise real estate?

Trump derangement syndrome can be so extreme that it causes left wing judges and prosecutors to fabricate child level fantasy scenarios and then apply them to Trump when they are in the courtroom.

Sure it's funny, but it also happens to be very true, and it has the potential to destroy liberty and our republic. (Sadly)

Ouchy, dbl post.

originally posted by: strongfp
a reply to: RazorV66

Since when is it a judges job to appraise real estate?

Since people believe judges are fair and impartial with no personal opinions. They say it and people believe it.

I mean, since when can a judge tell a company how much a person makes as a salary? (Tesla)

People have been so beat down and brainwashed that they believe what they are told.

We have been trained there is no God and the state is a benevolent helper. People do what they are told without question. (covid)

When will people remember the government is supposed to work for us, we are the boss, not them?

$1,000,000 in 1980 is worth $3,650,970.87 in 2024


"These inflation figures use the Bureau of Labor Statistics (BLS) consumer price index to calculate the value of $1,000,000" between 1980 and 2024.

$1,000,000 in 1980 has the same purchasing power as $3,650,970.87 in 2024. Over the 44 years this is a change of $2,650,970.87.

The average inflation rate of the dollar between 1980 and 2024 was 0.67% per year. The cumulative price increase of the dollar over this time was -100.00%.

The value of $1,000,000 from 1980 to 2024
So what does this data mean? It means that the prices in 2024 are 36,509.71 higher than the average prices since 1980. A dollar in 2024 can buy 27.39% of what it could buy in 1980.

These inflation figures use the Bureau of Labor Statistics (BLS) consumer price index to calculate the value of $1,000,000 between 1980 and 2024.

tools.carboncollective.co...#:~:text=%241%2C000%2C000%20in%201980%20has%20the,this%20time%20was%20%2D100.00%25.

originally posted by: strongfp
a reply to: RazorV66

Since when is it a judges job to appraise real estate?

Dumb question.
Why did he do it then?

Like I told Threadbarer, the blind hatred for Trump not allowing you guys to admit that Trump is getting a raw F’ing deal on the under valuation of his property is outrageous.

You know he is getting screwed and you are ok with it because Orange Man Bad.

a reply to: DBCowboy

So you're saying there's the possibility $18 million is an overvaluation?

Do you know any assessors that undervalue a property by at 55 times what's its actually worth?

originally posted by: Bluntone22

originally posted by: strongfp
a reply to: RazorV66

Since when is it a judges job to appraise real estate?

I was also wondering what qualifies the judge to make an appraisal.

The judge didn’t. It’s not just a dreamed up number, it’s the assessment Trump uses for tax benefits.

The question is can Trump claim the property as a social club to save himself millions of dollars in taxes, then have it assessed as a residential property when it suits him?

a reply to: RazorV66

The judge didn't appraise the property.

The judge just made a decision in this ridiculous case.

a reply to: theatreboy

A judge telling Tesla, a corporation, that Elon can't give hunself a salary of a gazillion dollars is acting in good faith for the public. Its a publicly traded company, the judge makes the final call for the shareholders.

In this case the Mar a Lago property is a National Historic Landmark, a public entity pretty much, its the same principle, otherwise it would be worth a lot more.